Rasa Kaye reporting...
Boston-based disaster modeling firm Karen Clark & Company puts insured losses to properties in the U.S. from Hurricane Laura near $9 billion. That includes wind and storm surge damage to residential, commercial and industrial properties and automobiles.
The Regional Transit Authority's streetcars have seen a 90% decline from normal ridership levels since early March and are costing the agency much more to run per passenger. The RTA is considering more service cuts.
Today’s survey of purchasing managers in the U.S. will give us a reading on the recovery of the manufacturing sector in August.
Declines in banks and industrial stocks offset more gains for technology companies but the S&P still managed to end August 7% higher, its fifth monthly gain in a row and its biggest since April. It lost 7 points yesterday, the Dow dropped 223 but the Nasdaq closed at a new record, gaining 80 points. Futures are pointed toward a mixed market open.